Investor looking for an answer to what MERSİS is, reviewing the Central Registry Recording System formation screen on a computer

What Is MERSİS and How Is a Company Application Made in the System?

What is MERSİS, how is a MERSİS number generated, and what are the steps for queries and formation applications? We explain the system from start to finish; let's plan your application together.

Accounting specialist checking the tax base, deductions and result tabs on the VAT return screen

VAT Return: Deadline, Attachments and Common Mistakes

VAT return deadline, tabs, annexes and corrective returns: learn how to file returns No. 1 and 2 in 6 steps and avoid common mistakes.

Sample journal showing accounts 191, 190 and 136 for the VAT refund accounting entry

How to Record a VAT Refund in the Accounts: An Example with Account Codes

How are VAT refund accounting entries made with accounts 191, 190, 136, 360 and 102? See offset, cash refund and rejection entries by example. Take a look now.

A finance manager reviewing an accounting entry that deducts a tax refund receivable from a tax debt, as an example of what offset (mahsup) means

What Does Offset (Mahsup) Mean, and How Does It Work in Tax Refunds?

What does offset (mahsup) mean? Learn 4 types of offset against tax debt, how the offset amount reads on the return, and deadlines; keep your receivable.

Entrepreneur weighing a sole proprietorship against a limited liability company using a tax calculation and liability table

Sole Proprietorship or Limited Liability Company? Tax and Liability Differences

Sole proprietorship or limited liability company? We compare income tax brackets with the 25% corporate income tax, as well as liability and costs. Let's choose your structure together.

An employer reviewing the question “what is payroll?” on a payslip showing the gross wage, SGK premium and tax deductions

What Is Payroll? How to Calculate Net Salary from Gross

What is payroll and what items does it include? A gross-to-net salary example with 2026 premium and tax rates, plus employer cost. Set up your payroll with us.

Consultant reviewing the roadmap from company formation to reporting in Türkiye for a foreign investor

Where Should a Foreign Investor Start in Türkiye’s Market? A Roadmap

In what order should a foreign investor proceed in Türkiye? We summarize the legal safeguards and the 8 steps from formation to reporting; read this before making your plan.

Diagram showing what disguised profit distribution is through a sale to a shareholder below market price and the resulting tax adjustment

What Is Disguised Profit Distribution and Which Transactions Count as Distribution?

What is disguised profit distribution in Turkey? Which transactions count, detection, adjustment, 15% withholding tax and penalties in 5 examples. Contact us.

Investor reviewing an apostilled power of attorney and a passport translation on a desk for foreigners setting up a company in Turkey

How Foreigners Can Set Up a Company in Turkey: Power of Attorney, Apostille, Registration

How foreigners set up a company in Turkey in 7 steps: apostilled power of attorney, potential tax number, registration and E-TUYS notification. Map it with us.

Investor and financial advisor comparing a statement of financial position with a monthly management report to explain what financial reporting is

What Is Financial Reporting and How Does It Differ from Management Reporting?

What is financial reporting and which statements does it cover? How it differs from management reports and the TFRS 18 change due in 2027. Set yours up with us.

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Author: Akal CPA

What Is MERSİS and How Is a Company Application Made in the System?

VAT Return: Deadline, Attachments and Common Mistakes

How to Record a VAT Refund in the Accounts: An Example with Account Codes

What Does Offset (Mahsup) Mean, and How Does It Work in Tax Refunds?

Sole Proprietorship or Limited Liability Company? Tax and Liability Differences

What Is Payroll? How to Calculate Net Salary from Gross

Where Should a Foreign Investor Start in Türkiye’s Market? A Roadmap

What Is Disguised Profit Distribution and Which Transactions Count as Distribution?

How Foreigners Can Set Up a Company in Turkey: Power of Attorney, Apostille, Registration

What Is Financial Reporting and How Does It Differ from Management Reporting?

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